MML very low valued, page-40

As expected, it would seem Medusa has passed the country wide audit of all mining operations initiated by the new Government from July 1st. In total 8 + 2 mining operations (10) have been suspended as of mid August with Mindanao being the first island to be audited.

14/8/2016. "The DENR intends to finish the audit of all 42 metallic mines within the month."

11/8/2016. To date, the DENR has already suspended 8 mining firms since the audit on all existing mines in the country began in July:

BenguetCorp Nickel Mines Incorporated
Eramen Minerals Incorporated
LNL Archipelago Minerals Incorporated
Zambales Diversified Metals Corporation
Berong Nickel
Citinickel
Claver Minerals
Ore Asia Mining Development Corporation

The audit is expected to end by mid-August. (READ: Duterte: 'Amend, suspend, revoke' environmental permits, if needed)

On Thursday, Environment Secretary Gina Lopez said even with the ongoing audit, she has not yet seen a model of responsible mining. "I know one thing: For after a hundred years of mining in this country, we don't even have one – not even one – rehabilitated mine site.

The Department of Environment and Natural Resources (DENR) is set to issue suspension orders to two mining companies operating in Homonhon Island in Guiuan, Eastern Samar on Friday, August 12.

The DENR's ongoing audit revealed that Mt Sinai Mining Exploration and Development Corporation and Emir Mineral Resources Corporation committed several violations, enough to warrant suspension of their operations, Environment Undersecretary Leo Jasareno said in a news briefing on Thursday, August 11.